Europe: Frozen Whole Fish Market 2024

Frozen Whole Fish Market Size in Europe

The Europe frozen whole fish market surged to $X in 2021, picking up by 18% against the previous year. The market value increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Frozen Whole Fish Production in Europe

In value terms, frozen whole fish production reached $X in 2021 estimated in export price. In general, production, however, showed a slight reduction. The pace of growth was the most pronounced in 2017 when the production volume increased by 15% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Frozen Whole Fish Exports

Exports in Europe

Frozen whole fish exports shrank to X tons in 2021, waning by -6.5% on 2020. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 13% against the previous year. The volume of export peaked at X tons in 2020, and then dropped in the following year.

In value terms, frozen whole fish exports expanded remarkably to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 16% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Russia (X tons), distantly followed by Norway (X tons), the Netherlands (X tons), Spain (X tons) and Faroe Islands (X tons) were the major exporters of frozen whole fish, together generating 79% of total exports. Ireland (X tons), Germany (X tons), Denmark (X tons), the UK (X tons), Portugal (X tons) and Estonia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +8.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen whole fish supplying countries in Europe were Russia ($X), Norway ($X) and the Netherlands ($X), with a combined 62% share of total exports. Spain, Denmark, Faroe Islands, Portugal, Ireland, the UK, Germany and Estonia lagged somewhat behind, together accounting for a further 32%.

Denmark, with a CAGR of +7.1%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, surging by 13% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2021.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while Estonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+2.4%), while the other leaders experienced more modest paces of growth.

Frozen Whole Fish Imports

Imports in Europe

In 2021, the amount of frozen whole fish imported in Europe amounted to X tons, increasing by 1.9% compared with the previous year's figure. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 8.7%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, frozen whole fish imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 11% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

The countries with the highest levels of frozen whole fish imports in 2021 were the Netherlands (X tons), Spain (X tons), Russia (X tons) and Ukraine (X tons), together accounting for 55% of total import. Portugal (X tons) took a 5.3% share (based on physical terms) of total imports, which put it in second place, followed by Poland (4.9%). Denmark (X tons), Belarus (X tons), Italy (X tons), France (X tons), Latvia (X tons), the UK (X tons) and Lithuania (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Latvia (with a CAGR of +11.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Spain ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2021, with a combined 37% share of total imports. Denmark, Portugal, Ukraine, Poland, Italy, France, the UK, Belarus, Lithuania and Latvia lagged somewhat behind, together accounting for a further 48%.

Latvia, with a CAGR of +8.4%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, rising by 4.6% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2013 an increase of 5.9% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform